Small Business CGT Concessions

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Abletax Business specialise in advice on the small business CGT concessions. In addition to the standard 50% discount on assets held for at least 12 months, the SBE CGT Concession can reduce your capital gain on the sale of business assets to nil, potentially saving you thousands and thousands of dollars. We can identify if you are eligible for the 15-year exemption, the 50% active asset reduction, the Retirement exemption (no you don’t have to actually retire) or the active asset rollover. Working out eligibility for the small business CGT concessions is complex and if you get it wrong the consequences can be financially devastating. We will identify the small business concessions available to you and provide you a detailed report outlining the relevant tax law to your scenario so that you can be sure that you meet all the criteria to claim the CGT concessions and feel confident that you have accessed all the applicable capital gains exemptions.

We provide comprehensive advice on Small Business CGT Concessions as follows:

  • Reducing your capital gain
  • Identify Eligibility
  • 15 Year Exemption
  • 50% Active asset reduction
  • Retirement exemption
  • CGT rollover